China Economic ReviewThe Ministry of Foreign Trade and Economic Co-operation has published new rules for direct selling by foreign companies. The rules have been approved by the State Council and come into force on April 1. Under the rules, companies must register with their local commercial bureaux and open retail outlets before they can engage in direct […]
Koito Manufacturing of Japan is to invest US$8m in a technical centre in Shanghai that will develop advanced automotive lighting components. Koito claims a 22 per cent share of the market in China but it wants to be able to respond quicker to consumer demands. The centre will employ 100 designers and engineers, of whom […]
Beijing Jeep, the first joint venture vehicle company in China, is running heavy losses and could go bankrupt, China Economic News said. The joint venture was set up in 1984 between firms under the Beijing municipal government and American Motors, later acquired by Chrysler, which has since merged with Daimler-Benz. DaimlerChrysler holds 42 per cent […]
Shenyang Brilliance Automotive’s gross profit fell more than 50 per cent last year, partly because a truck-making joint venture with US vehicle maker General Motors failed to meet sales targets, Reuters reported. Jinbei GM Automotive began production of Chevrolet sports utility vehicles in the second half of last year and S-10 crew cab pickups late […]
Guangzhou Honda Automobile, the Chinese joint venture of Japanese carmaker Honda Motor, claimed to have sold 6,454 Accord model cars in China in the first two months of this year, giving it 35 per cent of the country’s luxury car market. This was up from 29 per cent in the same period last year. The […]